PERSONAL CONTRACT PURCHASE

A convenient, low risk way to finance the Lexus you want to drive today. We set a Guaranteed Future Value (GFV) for your Lexus based on the term of your agreement and how many miles you expect to drive each year. This protects the value of your Lexus at the end of the agreement. Payments are spread over an agreed period, and at the end of the agreement, provided that you have made all of your contracted payments, you have the option to upgrade, pay the GFV and keep your vehicle, or simply hand it back (subject to maximum mileage and meeting reasonable wear and tear conditions). See further details below.

Benefits

Lexus Pesonal Contract Purchase means you drive the Lexus you want with fixed, low monthly payments for the length of your agreement with no hidden costs. If trade in values do fall, the value of your car is guaranteed with Lexus Financial Services. With no minimum deposit, there's no need for a large initial outlay. Then if you want to change your vehicle, Personal Contract Purchase gives you the flexibility to upgrade at the end of your agreement.

How it works

1. Deposit
We agree an amount to suit you. This can be as little as you want or up to as much as 35% of the price of the vehicle.

2. Monthly Payments
Your monthly payments are then calculated on the difference between the purchase price less your deposit and GFV, plus any interest charges on the total amount of credit. This means that in many cases your monthly payments will be more affordable than with a traditional Hire Purchase agreement or Personal Loan.

3. Guaranteed Future Value (GFV)
We set a minimum guaranteed future value for your car. This guarantees how much your vehicle will be worth with Lexus Financial Services at the end of your agreement.

At the end of your agreement

Upgrade
Part-exchange your car and drive away in a brand-new Lexus. If the trade in value is more than the GFV, you can put the equity towards your next car.

Keep
To keep the car all your monthly payments must be up-to-date, then you pay the GFV and option to purchase fee and it's yours.

Return
Alternatively, you can simply give the car back with nothing more to pay, subject to all monthly payments being up-to-date, maximum mileage, and fair wear and tear conditions being met.

Finance subject to status to over 18s. Indemnities may be required. Terms and conditions apply. Lexus Financial Services.